Reply to When will Private Schools' bubble burst ?

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[quote=Anonymous][quote=Anonymous]Remember to factor in financial aid--e.g., Sidwell gives about $6m in aid per year, so it collects closer to $31m in tuition by your numbers. I'm not saying the school is suffering in any way, but that is a significant adjustment.[/quote]

Sidwell, and all other "Big 3" collect 1 million or so from parents in the annual auction to fund FA. They also earmark a small 1% endowment draw to go to FA. So, no, sorry, 6 million or 3.8 million in FA at other schools is NOT solely coming from tuition revenue.

A non-profit, by definition, and by tax law cannot earn a profit. So, where is the money being allocated to make the SIGNIFICANT profits disapear on paper ? Talk to some teachers, its not going to their salaries. There is a cap on FTE based on zoning restrictions in the neighborhoods of which these schools are a part, so thse profits are not going to ever escalating FTE ( that FTE has a HARD cap)

So, why do they need to raise tuition every friggin' year by 4-6% ?[/quote]

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